Star Gold (SRGZ) CEO reports 31.36M shares and long-dated options

Rhea-AI Filing Summary

Star Gold Corp. CEO and director Lindsay Edward Gorrill reported his ownership in a new Form 4. After the reported entries, he directly holds 31,356,913 shares of common stock and 8,676,375 options.

The filing lists an option position tied to 3,000,000 underlying common shares at a $0.18 per share conversion or exercise price, expiring on June 12, 2031. According to the vesting terms, 16.67% of the option vests every six months, subject to his continuous service, until fully vested.

Insider Trade Summary

0 shares exercised/converted

Mixed 2 txns

Insider Gorrill Lindsay Edward

Role CEO

Type	Security	Shares	Price	Value
Conversion	Options	0	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Options — 8,676,375 shares (Direct, null); Common Stock — 31,356,913 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Common shares held: 31,356,913 shares Options held: 8,676,375 options Underlying shares: 3,000,000 shares +3 more

6 metrics

Common shares held 31,356,913 shares Direct common stock holdings after reported transactions

Options held 8,676,375 options Total option position following the derivative entry

Underlying shares 3,000,000 shares Underlying common shares for the reported option position

Exercise price $0.18 per share Conversion or exercise price of the option award

Option expiration June 12, 2031 Expiration date of the reported option position

Vesting rate 16.67% each six months Semiannual vesting schedule, subject to continuous service

Key Terms

Continuous Service Status, Conversion of derivative security, underlying security shares, vesting schedule

4 terms

Continuous Service Status financial

"Subject to your Continuous Service Status, the Shares underlying this Option shall vest"

Conversion of derivative security financial

"transaction_code_description": "Conversion of derivative security""

underlying security shares financial

""underlying_security_shares": "3000000.0000""

vesting schedule financial

"shall vest and become exercisable in accordance with the following schedule"

A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gorrill Lindsay Edward

(Last) (First) (Middle)

174 E NEIDER AVE #222

(Street)

COEUR D'ALENE IDAHO 83815

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Star Gold Corp. [ SRGZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								31,356,913	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options	$0.18	06/12/2026		C		0		12/12/2026(1)	06/12/2031	CS	3,000,000	$0	8,676,375	D

Explanation of Responses:

1. Subject to your Continuous Service Status, the Shares underlying this Option shall vest and become exercisable in accordance with the following schedule: 16.67% of the total Option each six (6) months thereafter until 100% of the total Option has vested.

	/s/ Lindsay Edward Gorrill	06/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did Star Gold Corp. (SRGZ) report on this Form 4?

The Form 4 reports CEO Lindsay Edward Gorrill’s holdings, including 31,356,913 common shares and 8,676,375 options. It also details an option tied to 3,000,000 underlying shares at a $0.18 conversion or exercise price, expiring June 12, 2031.

How many Star Gold Corp. (SRGZ) common shares does the CEO hold after this filing?

After the reported transactions, CEO Lindsay Edward Gorrill directly holds 31,356,913 common shares of Star Gold Corp. These holdings reflect his post-transaction position as disclosed in the Form 4, providing investors with an updated view of his direct equity stake.

What options position did the Star Gold Corp. (SRGZ) CEO report?

The CEO reported 8,676,375 options following the transaction entry. Among these, one option position is linked to 3,000,000 underlying common shares with a $0.18 conversion or exercise price and a June 12, 2031 expiration date, as disclosed in the filing.

What is the strike or exercise price of the reported Star Gold Corp. (SRGZ) options?

The Form 4 shows an option position with a $0.18 per share conversion or exercise price. This option relates to 3,000,000 underlying common shares and carries an expiration date of June 12, 2031, according to the disclosure details.

How do the Star Gold Corp. (SRGZ) CEO’s options vest under this Form 4?

The footnote explains that, subject to continuous service, 16.67% of the total option vests every six months. This schedule continues until 100% of the option has vested, outlining a gradual vesting structure for the CEO’s derivative award.

What is the expiration date of the Star Gold Corp. (SRGZ) CEO’s reported option award?

The reported option award tied to 3,000,000 underlying common shares expires on June 12, 2031. This long-dated expiration, combined with semiannual vesting, defines the time horizon over which the CEO’s derivative position remains exercisable if conditions are met.